Real Estate Agreement of Sale–PA
I am a seller of a home in PA that closes this week. The Agreement of Sale (AOS) is written on the standard PA Association of Realtors form Revised 9/05. Our septic system did not pass so a new one is being installed now although even if the new one is not in by closing it will not prevent our closing the deal as the current system is functioning. Once we knew the septic needed replacement and the Buyer wanted us to deal with it we presented the Buyer with the contractually required Written Corrective Proposal to which per the AOS the Buyer had 5 days to respond to as spelled out in line 338 of AOS. He did not so my read is that since the Buyer chose Option 1 per line 333 he is bound by the provisions of line 184 which says he accepts the property and releases us per line 513. In other words by not responding he accepted our Written Corrective Proposal and is on the hook for his deposit and must close. Because the AOS is so darn confusing, should I ask for a hold harmless or general release at closing to be sure that once the new septic is in we are done with this matter or does what I just stated protect me enough?